It identifies changes in the Uniform Guidance relating to depreciation and elimination of the use allowance provision. It describes the requirements for a property management system for equipment and other capital assets including prior approval, title, use, inventory, and disposition. The module identifies the Uniform Guidance requirements regarding intangible property, including the different forms of intellectual property. It explains the Federal government’s right to use and authorize others to use intellectual property developed using Federal funds, including licensing through creative commons. Supplies, while not a capital asset, are covered due to the differing requirements between equipment and supplies.
SMART - Strategies of sound grants management that comprises: Monitoring, Accountability, Risk Mitigation and Transparency which are found in the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards 2 CFR Part 200 and 2 CFR 2900.
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